Government expenditure on pension credit in the UK 2003-2024

Published by D. Clark, Jul 11, 2024

The UK government spent approximately 5.45 billion British pounds on pension credit in 2022/23. Following the introduction of pension credit in October 2003, expenditure on pension credit peaked in the early 2010s but has been declining since then.

Government expenditure on pension credit in the United Kingdom from 2003/04 to 2023/24 (in million GBP)

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Release date

May 2024

Region

United Kingdom

Survey time period

2003 to 2024

Supplementary notes

This statistic using original data from the Department for Work and Pensions and includes copyright material licensed under © Crown, the Open Government License v3.0

*Data for 2023/24 is forecast data

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